The global smart water meter infrastructure market is experiencing an intense growth with regards to the investments, trials being carried out and deployment for future in the current scenario and is anticipated to rise in the coming years. The market for smart water meter consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced service to the customers. Also, there are many stakeholders in the smart water meter ecosystem that are involved in the end-to-end development of smart water meter technology and ensuring that the best service is made available for the users. Government funding for research & development, strategic partnerships between chipset manufacturers, equipment vendors, network operators and Government bodies are anticipated to enable huge surges in the market for smart water meter over the forecast period.
Itron Inc, Neptune Technology Group Inc, Sensus USA Inc, Elster AMCO, and Badger Meter Inc are the top five key market players operating in the Smart Water Metering Market
North America accounted for the largest share of the global smart water metering market in 2021, and it is expected to retain its dominance during the forecast period. This can be attributed to several factors such as well-developed smart grid infrastructure across different countries such as the US and Canada and the presence of well-established smart water meter manufacturing companies that constantly work on the development of innovative solutions for the end users across the region. The presence of companies such as Sensus, Itron Inc, and Badger Meter Inc is further catalyzing the growth of the smart water metering market across North America.
Further, Asia Pacific is expected to be the fastest-growing region in the global smart water metering market during the forecast period. This is owing to the increasing urbanization across emerging countries such as India and Southeast Asian countries across the region. Moreover, the development of smart cities across the region is augmenting the growth of smart grids which is again bolstering the demand for smart and automated systems for city operations management. In addition, the governments across India and other emerging Asia Pacific countries have been launching initiatives for the development of smart grid infrastructure in their respective countries, which is further likely to boost the deployment of smart water meters across the region. For instance, in 2022, Pune Municipal Corporation (PMC) of India announced its plans to deploy more than 275,000 smart water meters across different locations of the city. Such initiatives are expected to generate new market opportunities for market vendors during the forecast period.
Most of the market initiatives were observed in North America region, which has a high potential for smart water metering market. Few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Region |
| 2021 | The city of Walla Walla adopted Xylem’s residential water meters and commercial meters. The system allowed the city to transition from monthly to hourly usage data with remote meter monitoring capabilities that improved leak detection. | North America |
| 2021 | Mueller Water Products Inc in collaboration with Ferguson Waterworks announced the deployment of LoRaWAN Class B endpoints I Florence. The solution is offering flexibility and easy integration of remote disconnect meters (RDM), leak detection and pressure monitoring systems. | North America |
